Risk contract

Risk contract means a contract between the State an MCO, PIHP or PAHP under which the contractor -
(1) Assumes risk for the cost of the services covered under the contract; and
(2) Incurs loss if the cost of furnishing the services exceeds the payments under the contract.


42 CFR § 438.2

Scoping language

As used in this part -

Is this correct? or